South Korean auto makers Hyundai Motor Co. Ltd. and Kia Motors Corp. for the first time will begin exporting completely built-up vehicles later this year on vessels owned by an affiliated transportation company. Up to now, both auto makers only have shipped components and parts overseas through the Glovis Co., which is owned 25.7% by Hyundai Automotive Group Chairman Chung Mong-koo and 31.9% by his son, Chung Eui-son, who is a director and president of Kia. Glovis has used contracted ...
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